Service Properties Trust - Shares Of Beneficial Interest · NASDAQ:SVC
Service Properties Trust - Shares Of Beneficial Interest — Hospitality Properties Trust — Q3 2016 Earnings Presentation
32 slides from Service Properties Trust - Shares Of Beneficial Interest's earnings presentation, Nov 9, 2016
Slide 1: Third Quarter 2016 Supplemental Operating and Financial Data
All amounts in this report are unaudited. Hospitality Properties Trust Third Quarter 2016 Supplemental Operating and Financial Data Courtyard Camarillo, Camarillo, CA Operator: Marriott International, Inc. Guest Rooms: 130 EXHIBIT 99.2
Slide 2: Table of Contents
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 TABLE OF CONTENT S TABLE OF CONTENTS PAGE CORPORATE INFORMATION 6 Company Profile 7,8 Investor Information 9 Research Coverage 10 FINANCIALS Key Financial Data 12 Condensed Consolidated Balance Sheets 13 Conde
Slide 3: Warning Concerning Forward Looking Statements
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 W ARNING CONCERNING FO RW ARD LOOKING S TA TEMENT S 3 THIS PRESENTATION OF SUPPLEMENTAL OPERATING AND FINANCIAL DATA CONTAINS STATEMENTS THAT CONSTITUTE FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRI
Slide 4: Forward Looking Statements (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 FO RW ARD LOOKING S TA TEMENTS (continued ) 4 FOR EXAMPLE: • OUR ABILITY TO MAKE FUTURE DISTRIBUTIONS TO OUR SHAREHOLDERS AND TO MAKE PAYMENTS OF PRINCIPAL AND INTEREST ON OUR INDEBTEDNESS DEPENDS UPON A NUMBE
Slide 5: Forward Looking Statements (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 FO RW ARD LOOKING S TA TEMENTS (continued ) 5 • AT SEPTEMBER 30, 2016, WE HAD $9.5 MILLION OF CASH AND CASH EQUIVALENTS, $850.0 MILLION AVAILABLE UNDER OUR $1.0 BILLION REVOLVING CREDIT FACILITY AND SECURITY D
Slide 6: Corporate Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 CORPORATE INFORMATION Sonesta Philadelphia Rittenhouse Square, Philadelphia, PA Operator: Sonesta International Hotels Corp. Guest Rooms: 439
Slide 7: Company Profile
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 COM PAN Y PROFIL E 7 COMPANY PROFILE Hospitality Properties Trust, or HPT, we, our, or us, is a real estate investment trust, or REIT. As of September 30, 2016, we owned 305 hotels and 198 travel centers locat
Slide 8: Company Profile (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 COM PAN Y PROFILE (continued ) 8 COMPANY PROFILE Operating Statistics by Operating Agreement (as of 9/30/16) (dollars in thousands): Number Annualized Percent of Total Number of of Rooms / Minimum Minimum Cove
Slide 9: Investor Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 INVES TOR INFORM ATIO N 9 INVESTOR INFORMATION Board of Trustees Donna D. Fraiche John L. Harrington William A. Lamkin Independent Trustee Lead Independent Trustee Independent Trustee Adam D. Portnoy Barry M.
Slide 10: Research Coverage
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 RESEARCH COVERAG E 10 RESEARCH COVERAGE Equity Research Coverage Baird Canaccord Genuity FBR & Co. David Loeb Ryan Meliker Bryan Maher (414) 765-7063 (212) 389-8094 (646) 885-5423 dloeb@rwbaird.com rmeliker@ca
Slide 11: Financials
All amounts in this report are unaudited. Hospitality Properties Trust Third Quarter 2016 Supplemental Operating and Financial Data Courtyard Camarillo, Camarillo, CA Operator: Marriott International, Inc. Guest Rooms: 130 FINANCIALS InterContinental Yorkville, Toronto, CAN Operator: InterContinenta
Slide 12: Key Financial Data
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 KE Y FINANCIA L D AT A 12 KEY FINANCIAL DATA (amounts in thousands, except per share data) As of and For the Three Months Ended 9/30/2016 6/30/2016 3/31/2016 12/31/2015 9/30/2015 Selected Balance Sheet Data: T
Slide 13: Condensed Consolidated Balance Sheets
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 CONDENSED CONSOLID ATED BALANCE SHEET S 13 CONDENSED CONSOLIDATED BALANCE SHEETS (dollar amounts in thousands, except per share data) As of As of September 30, December 31, 2016 2015 ASSETS Real estate propert
Slide 14: Condensed Consolidated Statements of Income
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 CONDENSED CONSOLID ATED S TA TEMENTS OF INCOM E 14 CONDENSED CONSOLIDATED STATEMENTS OF INCOME (amounts in thousands, except per share data) For the Three Months Ended September 30, For the Nine Months Ended S
Slide 15: Notes to Condensed Consolidated Statements of Income
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 NOTES TO CONDENSED CONSOLID ATED S TA TEMENTS OF INCOM E 15 NOTES TO CONDENSED CONSOLIDATED STATEMENTS OF INCOME (dollar amounts in thousands, except per share data) (1) At September 30, 2016, we owned 305 hot
Slide 16: Condensed Consolidated Statements of Cash Flows
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 CONDENSED CONSOLID ATED S TA TEMENTS OF CASH FLOW S 16 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Nine Months Ended September 30, 2016 2015 Cash flows from operating activities: Net income
Slide 17: Debt Summary
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 DEBT SUMMA RY 17 DEBT SUMMARY As of September 30, 2016 (dollars in thousands) Interest Principal Maturity Due at Years to Rate Balance Date Maturity Maturity Unsecured Floating Rate Debt: $1,000,000 unsecured
Slide 18: Debt Maturity Schedule
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 DEBT M ATURIT Y SCHEDUL E 18 DEBT MATURITY SCHEDULE As of September 30, 2016 (dollars in thousands) Unsecured Unsecured Floating Fixed Year Rate Debt Rate Debt Total (4) 2017 $ — $ — $ — 2018 150,000 (1) 350,0
Slide 19: Leverage Ratios, Coverage Ratios and Public Debt Covenants
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 LEVERAGE R ATIOS, COVERAGE R ATIOS AND PUBLIC DEBT COVENANT S 19 LEVERAGE RATIOS, COVERAGE RATIOS AND PUBLIC DEBT COVENANTS As of and For the Three Months Ended 9/30/2016 6/30/2016 3/31/2016 12/31/2015 9/30/20
Slide 20: FF&E Reserve Escrows
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 FF&E RESE RVE ESCROW S 20 FF&E RESERVE ESCROWS (1) (dollars in thousands) As of and For the Three Months Ended 9/30/2016 6/30/2016 3/31/2016 12/31/2015 9/30/2015 FF&E reserves (beginning of period) $ 61,419 $
Slide 21: Property Acquisition and Disposition Information Since January 1, 2016
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 PROPERT Y ACQUISITION AND DISPOSITION INFORM ATION SINCE JANUA RY 1, 201 6 21 PROPERTY ACQUISITION AND DISPOSITION INFORMATION SINCE JANUARY 1, 2016 As of September 30, 2016 (dollars in thousands) ACQUISITIONS
Slide 22: Calculation of EBITDA and Adjusted EBITDA
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 CALCUL ATION OF EBITD A AND ADJUSTED EBITD A 22 CALCULATION OF EBITDA AND ADJUSTED EBITDA (1) (in thousands) For the Three Months Ended, For the Nine Months Ended September 30, 9/30/2016 6/30/2016 3/31/2016 12
Slide 23: Calculation of FFO and Normalized FFO
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 CALCUL ATION OF FUNDS FROM OPER ATIONS (FFO) AND NORMALIZED FF O AV AILABLE FOR COMMON SHAREHOLDERS 23 CALCULATION OF FUNDS FROM OPERATIONS (FFO) AND NORMALIZED FFO AVAILABLE FOR COMMON SHAREHOLDERS (1) (dolla
Slide 24: Non-GAAP Financial Measures Definitions
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 NON-GAA P FINANCIA L MEASURES DEFINITION S 24 Non-GAAP Financial Measures Definitions Definition of EBITDA and Adjusted EBITDA We calculate EBITDA and Adjusted EBITDA as shown on page 22. We consider EBITDA an
Slide 25: Operating Agreements and Portfolio Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 OPERATING AGREEMENTS AND PORTFOLIO INFORMATION Wyndham Atlanta Galleria, Atlanta, GA Operator: Wyndham Hotel Group Guest Rooms: 296 Courtyard Mahwah, Mahwah, NJ Operator: Marriott International, Inc. Guest Roo
Slide 26: Portfolio by Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 PORTFOLIO B Y OPER ATING AGREEMENT AND MANAGER 26 PORTFOLIO BY OPERATING AGREEMENT AND MANAGER As of September 30, 2016 (dollars in thousands) Percent of Percent of Percent of Total Total Total Percent of Inve
Slide 27: Portfolio by Brand
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 PORTFOLIO B Y BRAN D 27 PORTFOLIO BY BRAND As of September 30, 2016 (dollars in thousands) Percent of Percent of Total Total Percent of Investment Number of Number of Number of Number of Total Per Brand Manage
Slide 28: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 OPER ATING AGREEMENT INFORM ATIO N 28 Marriott No. 1- We lease 53 Courtyard by Marriott® branded hotels in 24 states to one of our taxable REIT subsidiaries, or TRSs. The hotels are managed by a subsidiary of
Slide 29: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 OPER ATING AGREEMENT INFORM ATIO N 29 Sonesta- We lease our 33 Sonesta branded hotels (four Royal Sonesta Hotels®, four Sonesta Hotels & Resorts® and 25 Sonesta ES Suites® hotels) in 18 states to one of our TR
Slide 30: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 OPER ATING AGREEMENT INFORM ATIO N 30 Morgans- We lease the Clift Hotel, a full service hotel in San Francisco, CA, to a subsidiary of Morgans under a lease agreement that expires in 2103. The lease currently
Slide 31: Operating Statistics by Hotel Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 OPER ATING S TA TISTICS B Y HOTE L OPER ATING AGREEMENT AND MANAGE R 31 OPERATING STATISTICS BY HOTEL OPERATING AGREEMENT AND MANAGER No. of For the Three Months Ended For the Nine Months Ended No. of Rooms /
Slide 32: Coverage by Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2016 COVERAGE B Y OPER ATING AGREEMENT AND MANAGE R 32 COVERAGE BY OPERATING AGREEMENT AND MANAGER (1) Number of For the Twelve Months Ended Operating Agreement Properties 9/30/2016 6/30/2016 3/31/2016 12/31/2015 9
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